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IBM wins mega cloud deal

By Reuters
Amsterdam, 02 Dec 2014

IBM has signed a 10-year, multibillion-dollar deal to provide computer infrastructure services to Dutch bank ABN Amro running on its cloud systems, the US information technology firm said yesterday.

The deal comes as the US company tries to gain momentum in the market for Internet-delivered services, known as cloud computing. IBM will provide fully managed services for mainframe computers, servers, storage and end-user computing as well as a help-desk and other technical support. IBM did not disclose financial details of the deal.

Last month, IBM said it had won a seven-year outsourcing contract from Germany's Lufthansa worth EUR1 billion ($1.25 billion) that will see the US company take over the airline's IT infrastructure services division and staff.

In its latest quarterly results, IBM reported a marked slowdown in business in September and abandoned its 2015 operating earnings target.

IBM has failed to keep pace with a shift to cloud-based computing services from its established business selling computer consulting and software that customers run on internal computer systems.

Last month, ABN Amro said it would cut staffing at its branch network and invest in improved online banking services as customers increasingly managed their finances online.

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